CalChamber Issues Statement on Governor’s 2025 Budget Release

The California Chamber of Commerce today released the following statement in response to Governor Gavin Newsom’s outline of funding priorities for 2025:

“As we are in the midst of incredibly challenging moments for California with the devastating Los Angeles wildfires, we are grateful to the Governor for his commitment to improving California’s economy and protecting our state’s competitiveness as reflected in the 2025 budget proposal,” said CalChamber President and CEO Jennifer Barrera.

“We appreciate the Governor continuing to hold the line on new taxes and his support of larger film tax credits and CalCompetes grants that will benefit California’s small business employers. We encourage the Governor to consider reinstating the Research and Development tax credit which will invite innovation and spur much needed investment in our economy. Investment into wildfire recovery will be key to California recovering from this week’s devastating events and we stand ready to partner with the administration to assist the region in any way possible.”

About CalChamber
The California Chamber of Commerce (CalChamber) is the largest broad-based business advocate to government in California. Membership represents one-quarter of the private sector jobs in California and includes firms of all sizes and companies from every industry within the state. Leveraging our front-line knowledge of laws and regulations, we provide products and services to help businesses comply with both federal and state law. CalChamber, a not-for-profit organization with roots dating to 1890, promotes international trade and investment in order to stimulate California’s economy and create jobs. Please visit our website at www.calchamber.com.